The facts of the Glenn Neasham case are pretty straightforward. Fran Schuber was diagnosed with dementia four years prior to meeting and buying an indexed annuity from Glenn Neasham at the age of 83. Schuber went to Neasham’s office on the advice of a trusted friend. The friend was a satisfied client of Neasham’s and thought an indexed annuity would yield Schuber more interest than her bank account. Neasham escorted Schuber and her friend to the bank to make a $175K withdrawal to purchase the annuity. Schuber signed a disclosure form verifying that she understood the annuity contract’s features and penalties; Neasham collected his commission. The state of California worked hard to bring this case to trial. In the end, Neasham was found guilty of felony theft and was sentenced to 90 days in jail.
Your resource for news, research and analysis to help you deliver more effective outcomes to your clients.
ThinkAdvisor's TechCenter is an educational resource designed to give you a competitive edge by keeping you abreast of new tech innovations and need-to-know information that can be applied to your business.
Use this fact sheet to explain 3 key differences between Life Insurance and Roth IRAs to your clients.
The Perfect First Appointment from a $30 Million Producer
Tools to help you survive in the post-DOL rule world.
Jul 19, 2017
The first compliance deadline for the DOL’s fiduciary rule has kicked in … are you in compliance?
Jun 29, 2017
Join this complimentary webcast to dive into the imperative demand benefits professionals, employers, and HR representatives must meet when it comes to customizing benefits packages,...
Jun 28, 2017
Clients want to discuss health care costs in retirement. We can help break down options and costs so your clients can better prepare.